Food delivery

The company is said to be luring in restaurants with competitive commission fees

The service might be started under the brand name, Amazon Restaurants

Prime Now app is said to include the food delivery option

Amazon Prime Now will reportedly merge with its food delivery arm

Ola had earlier tested and shutdown its grocery delivery business

Earlier, Amazon has also held acquisition talks with Uber Eats

Under this partnership, Swiggy delivery partners may act as bike taxi operators also

This partnership might also lead to an investment in Bounce led by Swiggy

The pilot has been running for the past two months

The company said it has laid off 60 employees

Zomato spends INR 4-INR 5 on customer support and after-sales service per order

As of March 2019, company was reported to be losing INR 25 per delivery

Some Korean investors and other existing investors are also said to participate in this round

Earlier, SoftBank was reported to lead a $500 Mn funding round in Swiggy

Currently, Swiggy claims to have over 2 Lakh delivery partners and more than 1 Lakh restaurant partners

Uber Eats was launched in India in 2017

Amazon is looking to expand its range of services with this acquisition

Earlier, Swiggy and Zomato have also been reported to be in acquisition talks with Uber Eats

Zomato infinity dining is an exclusive feature for Zomato Gold users

This feature can potentially reduce company’s dependence on deep discounts

Zomato’s dining out business had contributed $49 Mn to the company’s revenue as compared to $155 Mn from delivery vertical

Swiggy Daily allows consumers to subscribe to 3-day, 7-day, 30-day plans

The company is looking for repeat customer growth with the subscription model

Daily is priced at starting INR 50 per meal and is currently live in Gurgaon

Zomato grew revenue 3x and expenses 5x in FY19

The company suffered $294 Mn in loss due to food delivery business

Zomato lost INR 25 for every delivery, down from INR 44 last year

Morgan Stanley had pegged Zomato’s valuation at $2.5 Bn in January 2018

HSBC report said Zomato’s business has changed fundamentally

Zomato recently sold its UAE business to Delivery Hero

Kint.io technology recognises objects from video

This is first technology-led acqui-hire of Swiggy

Swiggy joined unicorn club in 2018

Zomato clocked in a 28 Mn order run rate in December 2018

Zomato is in talks to raise upto $1 Bn in fresh funding

UAE was the first global foray of Zomato in 2012